Cash Flow Guys Podcast

1031 is a tax savings tool that many Americans take advantage of every year.  A benefit to some, a nightmare for others.  Allow me to explain Before we get started…. I’m NOT a CPA or Tax Professional; the info herein is my opinion...wait, why do we say that?  What has ever happened to a non-CPA giving advice?  I have no stories to tell on the topic...if you do, email info@cashflowguys.com because I’m curious A 1031 exchange is a legal vehicle for deferring capital gains taxes. By electing 1031 exchange status when selling one property and investing in other investment properties, you get spared from capital gains taxes. (temporarily)  Why?  Because those taxes are deferred, not excused or forgiven… To get the facts on the 1031B program right from the Internal Revenue Service, go to irs.gov and search 1031 for further details. Let’s talk about deferment for a minute...  At the time of this recording, the US Debt Clock shows our current debt at almost 28 trillion dollars.  Our elected bottom feeders are about t